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Bonk will have its first fund in Europe.
Source: Criptonoticias Original Title: Bonk will have its first fund in Europe Original Link: https://www.criptonoticias.com/mercados/bonk-primer-fondo-europa/ Bonk (BONK), meme cryptocurrency of the Solana network, will be available for investors in Europe through an exchange-traded product (ETP) that will be listed on the Swiss Stock Exchange (SIX). This new financial instrument will allow traders to gain regulated and direct exposure to this particular asset.
The proposal was presented by Bitcoin Capital, an asset manager based in Liechtenstein. The ETP, which will operate under the ticker BONK, is scheduled to start trading from the next 27th of November.
According to what the company explained, each share of the Bonk ETP will be fully backed by the digital asset BONK, ensuring a direct and transparent link to the market price of the token.
An ETP is a type of derivative that is traded on stock exchanges, similar to a stock. These instruments are commonly used by investors seeking indirect exposure to digital asset markets through regulated and traditional vehicles.
The price of the memecoin has not benefited from the news of the ETP's arrival in the market. Its price has dropped by 5% in the last 24 hours, falling from 0.00001051 to 0.0000095 dollars, as it is dragged down by the general decline in cryptocurrencies.